Bitcoin May Be Forming a 'Bull Flag' on Price Chart: Technical Analysis
A bullish flag looks to be forming and would be completed on a breakout above $31,900, analysts at Fairlead Strategies said.
Bitcoin's (BTC) recen t price consolidation above $30,000 seems to be taking the shape of a technical analysis pattern called a "bull flag," a pattern that indicates a further rally is likely to be on the cards.
Edited by Sheldon Reback.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto News Today: Litecoin Price Surges as Bitcoin Holds Steady Above $97K
TRUMP Token Crashes to New Lows as Traders Brace for More Losses
Litecoin Bucks Market Trend, Gains 10% as Whales Increase Holdings
Japan’s SBI Posts Record Crypto Profits, Aims for Nation’s First USDC Listing
Company posts pre-tax profits of $119.6 million, a 787% year-on-year rise from FY2023 Q3.
Trending news
MoreCrypto prices
More
